Let us say I am making $200,000 a year and paying 10% tax on that. My take home would be about $180,000. So I wouldn’t want to exert myself a little harder to make, say, $300,000 because I would be in a higher tax bracket. For $300,000 I would pay the same 10% on the first $200,000 (Take home $180,000) and, say, 20% on the next $100,000 (Take home $80,000). Because then I would be taking home only $260,000 instead of $180,000 and there isn’t any incentive in the world that would make me exert that extra effort.
I wouldn’t want to move into the top 2% of earners in the US because I would have to pay more taxes for making more money. Nevermind that I am earning such a comfortable income because I am using the social infrastructure this country has developed with tax dollars. No, I have gotten to this level on my own and nobody gave me anything along the way and they shouldn’t expect me to give back to some imaginary community that makes it all possible.
Yeah, that sounds straight enough.